Mar 17, 2017 03:42 PM IST | Source: CNBC-TV18

Hold Tech Mahindra, may test Rs 600: Avinash Gorakshakar

According to Avinash Gorakshakar, Market Expert, one may hold Tech Mahindra.

Avinash Gorakshakar, Market Expert told CNBC-TV18, "We have seen lot of price correction for Tech Mahindra in the previous past. I would suggest that at the current level from a fundamental perspective I think most of the negative seems to have been priced in. I would believe that if the outlook is there for the next 18 to 24 months and definitely the risk reward could be better."

"We could get better headline numbers from the US as well as from the Europe from where Tech Mahindra generates maximum revenues plus whatever inorganic initiatives the company has done we would be seeing better kind of growth traction by that time. So, probably a price target of around Rs 600 looks very much possible but one has to have the patience of holding on and on every decline one should actually accumulate this and hold on. The risk reward could be better if one looks at a two year kind of a horizon," he added.

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